Great investors · Bill Nygren · Q1 2025
What Bill Nygren bought and sold in Q1 2025
Oakmark (Harris Associates) 13F portfolio as of Mar 31, 2025: 158 positions worth $59.5 bn. Largest: GOOGL, SCHW, DE, ICE. Filed with the SEC on May 15, 2025.
The 13F is filed by Oakmark (Harris Associates), not by Bill Nygren personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q1 2025
- IncreasedAirbnbABNB+0.9 pp
- IncreasedKeurig Dr PepperKDP+0.9 pp
- IncreasedConocoPhillipsCOP+0.6 pp
- NewMolina HealthcareMOH+0.6 pp
- NewConstellation BrandsSTZ+0.5 pp
- IncreasedSyscoSYY+0.5 pp
- NewMarathon PetroleumMPC+0.5 pp
Sells in Q1 2025
- ReducedFiservFISV−1.2 pp
- ReducedKrogerKR−1.1 pp
- ReducedCNH IndustrialCNH−0.7 pp
- ReducedCapital One FinancialCOF−0.6 pp
- ReducedIntercontinental ExchangeICE−0.6 pp
- ReducedDeereDE−0.5 pp
13 companies with material moves, out of 13 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Oakmark (Harris Associates)'s Q1 2025 13F lists 158 lines of US-listed securities worth $59.5 bn; the largest is GOOGL at 4.34% of the portfolio. It was accepted by the SEC on May 15, 2025 at 4:56 PM ET.
Against the previous quarter, it opened 18 positions (MOH, STZ, MPC and MDLZ and 14 more), closed 12 (LBTYA, SNNRF, Beacon Roofing Supply and SW and 8 more), added to 44 (ABNB, KDP, CG and SYY and 40 more) and trimmed 72 (FISV, KR, COF and ICE and 68 more). 24 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Alphabet GOOGL | 16.7 M | $2.6 bn | 4.34% | +1.3% |
| 2 | Charles Schwab SCHW | 27.6 M | $2.2 bn | 3.63% | no change |
| 3 | Deere DE | 4.2 M | $2.0 bn | 3.32% | −13% |
| 4 | Intercontinental Exchange ICE | 11.4 M | $2.0 bn | 3.31% | −15% |
| 5 | IQVIA Holdings IQV | 11.2 M | $2.0 bn | 3.31% | −1.5% |
| 6 | American International Group AIG | 22.3 M | $1.9 bn | 3.26% | −3.9% |
| 7 | ConocoPhillips COP | 18.1 M | $1.9 bn | 3.20% | +25% |
| 8 | Capital One Financial COF | 9.9 M | $1.8 bn | 2.97% | −17% |
| 9 | Phillips 66 PSX | 13.8 M | $1.7 bn | 2.87% | +18% |
| 10 | Charter Communications CHTR | 4.1 M | $1.5 bn | 2.56% | −4.5% |
| 11 | Keurig Dr Pepper KDP | 43.4 M | $1.5 bn | 2.50% | +53% |
| 12 | General Motors GM | 29.7 M | $1.4 bn | 2.34% | −1.9% |
| 13 | Centene CNC | 21.1 M | $1.3 bn | 2.15% | −17% |
| 14 | CBRE Group CBRE | 9.7 M | $1.3 bn | 2.13% | −10% |
| 15 | Fiserv FISV | 5.7 M | $1.2 bn | 2.10% | −38% |
| 16 | First Citizens Bancshares FCNCA | 667,011 | $1.2 bn | 2.08% | +2.8% |
| 17 | Willis Towers Watson WTW | 3.6 M | $1.2 bn | 2.02% | +1% |
| 18 | Airbnb ABNB | 9.9 M | $1.2 bn | 1.99% | +86% |
| 19 | Bank of America BAC | 28.4 M | $1.2 bn | 1.99% | −5.9% |
| 20 | Equifax EFX | 4.6 M | $1.1 bn | 1.87% | +28% |
| 21 | Citigroup C | 15.5 M | $1.1 bn | 1.85% | −6.7% |
| 22 | CNH Industrial CNH | 84.1 M | $1.0 bn | 1.73% | −28% |
| 23 | Warner Bros. Discovery WBD | 95.6 M | $1.0 bn | 1.72% | no change |
| 24 | Elevance Health ELV | 2.3 M | $992M | 1.67% | +25% |
| 25 | Ally Financial ALLY | 24.9 M | $909M | 1.53% | +7.9% |
| 26 | Wells Fargo WFC | 11.8 M | $846M | 1.42% | −19% |
| 27 | Corteva CTVA | 13.0 M | $815M | 1.37% | −7% |
| 28 | EOG Resources EOG | 6.1 M | $788M | 1.32% | −24% |
| 29 | Comcast CMCSA | 20.6 M | $760M | 1.28% | no change |
| 30 | TE Connectivity TEL | 4.9 M | $690M | 1.16% | +10% |
| 31 | State Street STT | 7.7 M | $688M | 1.16% | +4.1% |
| 32 | Kroger KR | 10.0 M | $679M | 1.14% | −49% |
| 33 | Merck MRK | 7.5 M | $670M | 1.13% | +20% |
| 34 | Paycom Software PAYC | 3.0 M | $664M | 1.12% | −13% |
| 35 | Corebridge Financial CRBG | 20.9 M | $661M | 1.11% | no change |
| 36 | Nasdaq NDAQ | 8.7 M | $659M | 1.11% | +1.2% |
| 37 | Kenvue KVUE | 26.9 M | $645M | 1.08% | −15% |
| 38 | Sysco SYY | 8.6 M | $643M | 1.08% | +97% |
| 39 | Bank of New York Mellon BNY | 7.3 M | $609M | 1.02% | −24% |
| 40 | Lithia Motors LAD | 2.0 M | $588M | 0.99% | +2.8% |
| 41 | Liberty Broadband LBRDK | 6.6 M | $564M | 0.95% | no change |
| 42 | APA APA | 25.7 M | $540M | 0.91% | +1.9% |
| 43 | Global Payments GPN | 5.4 M | $531M | 0.89% | +1.2% |
| 44 | Delta Air Lines DAL | 11.3 M | $492M | 0.83% | +15% |
| 45 | GE Healthcare Technologies GEHC | 5.6 M | $455M | 0.76% | +33% |
| 46 | Masco MAS | 6.3 M | $436M | 0.73% | −1.6% |
| 47 | Amazon.com AMZN | 2.2 M | $425M | 0.71% | −31% |
| 48 | Reinsurance Group of America RGA | 2.1 M | $421M | 0.71% | +6.7% |
| 49 | CVS Health CVS | 6.0 M | $406M | 0.68% | +5% |
| 50 | Fortune Brands Innovations FBIN | 6.7 M | $405M | 0.68% | +5.8% |
| 51 | Carlyle Group CG | 8.8 M | $383M | 0.64% | +176% |
| 52 | Molina Healthcare MOH | 1.0 M | $345M | 0.58% | new |
| 53 | Borgwarner BWA | 11.8 M | $337M | 0.57% | no change |
| 54 | Genuine Parts GPC | 2.8 M | $336M | 0.56% | +5.6% |
| 55 | Constellation Brands STZ | 1.7 M | $317M | 0.53% | new |
| 56 | Marathon Petroleum MPC | 2.1 M | $311M | 0.52% | new |
| 57 | Baxter International BAX | 9.0 M | $308M | 0.52% | +6.4% |
| 58 | Becton, Dickinson BDX | 1.3 M | $296M | 0.50% | +45% |
| 59 | Visa V | 838,016 | $294M | 0.49% | −3.7% |
| 60 | Ryanair Holdings RYAAY | 6.4 M | $270M | 0.45% | −12% |
| 61 | Magna International MGA | 7.1 M | $242M | 0.41% | +1.1% |
| 62 | Alphabet GOOG | 1.5 M | $233M | 0.39% | −3.3% |
| 63 | Open Text OTEX | 9.0 M | $227M | 0.38% | no change |
| 64 | BlackRock BLK | 229,134 | $217M | 0.36% | no change |
| 65 | Aptiv APTV | 3.2 M | $188M | 0.32% | −18% |
| 66 | Brunswick BC | 3.5 M | $187M | 0.31% | +23% |
| 67 | Sealed Air | 6.4 M | $184M | 0.31% | +7.3% |
| 68 | Vail Resorts MTN | 1.0 M | $166M | 0.28% | +12% |
| 69 | Mondelez International MDLZ | 2.3 M | $159M | 0.27% | new |
| 70 | Oracle ORCL | 1.1 M | $154M | 0.26% | −26% |
| 71 | Envista Holdings NVST | 8.7 M | $150M | 0.25% | −7.9% |
| 72 | Wendy's WEN | 9.8 M | $143M | 0.24% | +5.4% |
| 73 | Interpublic Group of Companies IPG | 5.2 M | $142M | 0.24% | −20% |
| 74 | Celanese CE | 2.3 M | $128M | 0.21% | +1.4% |
| 75 | Flutter Entertainment FLUT | 573,575 | $127M | 0.21% | new |
| 76 | Warner Music Group WMG | 4.0 M | $126M | 0.21% | no change |
| 77 | Howard Hughes Holdings HHH | 1.6 M | $118M | 0.20% | no change |
| 78 | THOR Industries THO | 1.5 M | $111M | 0.19% | −1.4% |
| 79 | ABM Industries ABM | 2.3 M | $108M | 0.18% | +7.6% |
| 80 | HCA Healthcare HCA | 305,031 | $105M | 0.18% | −4.6% |
| 81 | Salesforce CRM | 325,683 | $87.4M | 0.15% | −76% |
| 82 | Openlane OPLN | 3.9 M | $74.3M | 0.12% | no change |
| 83 | Mastercard MA | 129,350 | $70.9M | 0.12% | −1.7% |
| 84 | American Express AXP | 262,756 | $70.7M | 0.12% | −9.3% |
| 85 | KKR KKR | 509,361 | $58.9M | 0.10% | −29% |
| 86 | LPL Financial Holdings LPLA | 135,474 | $44.3M | 0.07% | −31% |
| 87 | Goldman Sachs Group GS | 78,483 | $42.9M | 0.07% | −32% |
| 88 | ACV Auctions ACVA | 3.0 M | $42.1M | 0.07% | +32% |
| 89 | Hilton Worldwide Holdings HLT | 168,353 | $38.3M | 0.06% | −40% |
| 90 | Allison Transmission Holdings ALSN | 381,447 | $36.5M | 0.06% | −2.1% |
| 91 | Cushman Wakefield | 3.1 M | $31.4M | 0.05% | +2.2% |
| 92 | Autoliv ALV | 346,620 | $30.7M | 0.05% | −1.4% |
| 93 | Apple AAPL | 128,542 | $28.6M | 0.05% | no change |
| 94 | Grifols GRFS | 3.4 M | $24.5M | 0.04% | −7.7% |
| 95 | Lear LEA | 263,295 | $23.2M | 0.04% | −4.6% |
| 96 | Crown Holdings CCK | 195,989 | $17.5M | 0.03% | +2.3% |
| 97 | Truist Financial TFC | 412,310 | $17.0M | 0.03% | no change |
| 98 | Berkshire Hathaway BRK/B | 28,682 | $15.3M | 0.03% | −12% |
| 99 | Alibaba Group Holding BABA | 109,886 | $14.5M | 0.02% | −42% |
| 100 | Targa Resources TRGP | 72,100 | $14.5M | 0.02% | new |
The 100 largest lines are shown. The other 58 add up to 0.16% of the portfolio; full 13F of Oakmark (Harris Associates) →
Positions it closed (12)
- Liberty Global LBTYAwas 0.15% · 6.9 M shares
- Sunrise Communications SNNRFwas 0.04% · 504,644 shares
- Beacon Roofing Supply was 0.04% · 211,895 shares
- Smurfit Westrock SWwas 0.02% · 273,845 shares
- Ishares Tr IWDwas 0.02% · 59,610 shares
- Flowserve FLSwas 0.00% · 11,200 shares
- Parker-hannifin PHwas 0.00% · 814 shares
- General Dynamics GDwas 0.00% · 1,325 shares
- Altria Group MOwas 0.00% · 6,550 shares
- UnitedHealth Group UNHwas 0.00% · 436 shares
- Home Depot HDwas 0.00% · 534 shares
- Ishares Tr IJRwas 0.00% · 70 shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Oakmark (Harris Associates)'s 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.